The company generated a profit for the period of EUR 40.41 million. In the same period of the previous year, it was 88.27 million euros. Construction output increased by nine percent to around 7.58 billion euros. According to the group, this was due to good business in the core markets and in the United Kingdom.
Sales increased by eleven percent to 7.24 billion euros. According to the announcement on Wednesday morning, the order backlog at the end of June also increased. At EUR 23.9 billion, this was 14 percent up on the previous year and, according to the company, was at a record level. In Germany alone, the value rose by two billion euros. But there was also growth in Austria and Poland.
There was a decline in the operating result (EBIT), which fell from EUR 140.19 million to EUR 63.63 million, but “fits in well with the long-term comparison”. Earnings before interest, taxes, depreciation and amortization (EBITDA) came in at 324.67 million, down 20 percent from the first half of 2021.
The “North+West” segment developed negatively. In “South+East” the result in the first half of the year was again slightly negative, whereas in the “International+Special Divisions” segment there was an increase, in particular due to successful large-scale projects in the United Kingdom.
Number of employees almost unchanged
The number of employees remained almost unchanged at 72,709 people (2021: 72,942). In the core markets of Germany and Austria, there have only been very minor changes – in different directions – according to Strabag.
Management remains optimistic for the year as a whole and, as before, expects construction output to total 16.6 billion euros. The Executive Board sees this as confirmed by the lavish order backlog. An EBIT margin of 4 percent is also being targeted, which seems realistic since the business model has proven to be robust under the current conditions.
Source: Nachrichten
